New York, February 18 (FinanceEnquiry.com) – A major obstacle has been removed from the path of Shell (NYSE: RDSA) in its march towards getting approval for new oil drilling off the North Slope of Alaska with the Interior Department tentatively approving Friday how Shell would respond if a spill in the frigid Arctic waters takes place. The approval demonstrates the Obama administration’s inclination to allow the drilling even in the face of persistent opposition of many environmentalists.
However, Shell still has to clear many other regulatory obstacles before it can get the final approval to start drilling as many as six exploratory wells in the Chukchi Sea in July. Interior Secretary Ken Salazar said that the people of Alaska will benefit greatly from the onshore and offshore energy resources of the area, both conventional and renewable. However, a cautious approach is being taken.
In order to explore the vast potential of natural gas resources that might lie beneath the Beaufort and Chukchi Seas off the north coast of Alaska, Shell has already spent more than $4 billion over five years. During this period, there has been intense opposition from environmental groups and the natives of Alaska who are concerned that extensive oil drilling will foul the pristine seas and endanger wildlife.
Shell proposes to drill up to six wells over the next two years within the Burger prospect, about 70 miles off the coast in about 140 feet of water.
New York, June 18 (FinanceEnquiry.com) – The Mini-SIM holding Pantech Flex P8010 was released last year in September. Dimensions of the handset are visible as 129.8 x 67.1 x 7.9 mm (5.11 x 2.64 x 0.31...
New York, June 18 (FinanceEnquiry.com) – White color has been chosen to represent the new Spice Mi-422 Smartflo Pace, a dual SIM (Mini-SIM) handset that comes in the dimensions of 126 x 63.8 x...
New York, June 17 (FinanceEnquiry.com) – In view of the fact that traders desisted large steps prior to an important meeting of US central bank policymakers afterward in the week, oil costs slipped on the very...
New York, June 12 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of Apple Inc (NASDAQ: AAPL). The 12-month target price is set to $480.
In a...
New York, June 5 (FinanceEnquiry.com) – In the second quarter of last year Motorola mobile manufacturers released Motoluxe XT389, a chatting tool designed in the measurements of 116 x 63.5 x 11...
New York, June 4 (FinanceEnquiry.com) – RAZR series of Motorola mobiles have got immense success and appreciation in the market as the device come one way or another at pocket friendly amounts and...
New York, June 4 (FinanceEnquiry.com) – Even though there may be number of mobile phones in the market and that too of bigger brand names, but yet mobile phones of Vertu clearly stands apart....
New York, May 30 (FinanceEnquiry.com) – Selecting out the best and useful mobile phones is not a big deal, especially when users are able to differentiate between required features and unwanted ones...
New York, May 28 (FinanceEnquiry.com) – Seeing that a robust dollar and apprehensions over demand from leading customer China weighed even though the European Central Bank confirming its purpose to follow a...
New York, May 28 (FinanceEnquiry.com) – Tiffany & Co declares that since sales ameliorated across the entire areas, due to this, its 1Q net income soared 3 percent.
Shares of the company grew more...
